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Gannett Co Inc (GCI)

GCI on New York Consolidated

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9 Dec 2016
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Latest Key Developments (Source: Significant Developments)

Tronc's Michael Ferro says "possibility that a different type of deal can be done with Gannett" - CNBC
Friday, 4 Nov 2016 07:19am EDT 

: Tronc Non-Executive Chairman Michael Ferro on CNBC says there is a possibility that a different type of deal can be done with Gannett ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

tronc comments on Gannett's withdrawal of potential business combination proposal
Tuesday, 1 Nov 2016 09:31am EDT 

tronc Inc : tronc comments on Gannett's withdrawal of its proposal due to inability to finance . were informed early this morning that Gannett has decided to abruptly terminate discussions regarding a potential business combination with co . "last week, Gannett informed tronc that its financing encountered an unexpected delay" ."company remains on track in terms of delivering on its near-term financial goals".  Full Article

Gannett privately sweetens takeover offer for Los Angeles Times & Chicago Tribune owner Tronc; details of new offer not yet known - CNBC, citing DJ
Wednesday, 17 Aug 2016 10:18pm EDT 

Gannett Co Inc : privately sweetens takeover offer for Los Angeles Times & Chicago Tribune owner Tronc; details of new offer not yet known - CNBC, citing DJ Further company coverage: [GCI.N] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Gannett Q2 adjusted earnings per share $0.30
Wednesday, 27 Jul 2016 08:50am EDT 

Gannett Co Inc : Gannett reports second quarter 2016 results of operations . Q2 total operating revenue $748.8 million versus $727.1 million . Q2 adjusted earnings per share $0.30 . Q2 earnings per share view $0.31 -- Thomson Reuters I/B/E/S . By end of Q3, expect that annualized revenues acquired in last twelve months will be more than $800 million . Gannett Co Inc says now expects year over year revenue growth for second half of 2016 of between 7% and 9% . Company has revised its annual guidance . Qtrly digital-only subscriptions grew 40% . Additionally for second half of 2016, company expects capital expenditures of $30-$40 million, not including real estate projects . Sees annualized digital component of revenues approaching $1 billion . Because of forex exposure in UK, see appreciation of dollar to sterling, will result in reduction in reported adjusted EBITDA of $6 million for H2 2016 . "Margins will remain under pressure, particularly in Q3, driven by impact of recently acquired businesses" .Q2 revenue view $768.5 million -- Thomson Reuters I/B/E/S.  Full Article

Gannett sets quarterly cash dividend of $0.16 per share
Tuesday, 19 Jul 2016 05:06pm EDT 

Gannett Co Inc :Sets regular quarterly cash dividend of $0.16 per share.  Full Article

Gannett acquires North Jersey Media Group
Wednesday, 6 Jul 2016 11:55am EDT 

Gannett Co Inc : Gannett acquires North Jersey Media Group . Expects acquisition to contribute approximately $90 million in annual revenues . Acquired certain assets of North Jersey Media Group, including Record (Bergen County), Herald News, and affiliated digital properties . Following acquisition, gannett operates USA Today and 109 dailies in 34 states and Guam, in addition to Newsquest in U.K. .Says also included in sale are Community News Group, Magazine Group, and Events Group.  Full Article

Gannett Co to acquire digital marketing solutions company Reachlocal Inc
Monday, 27 Jun 2016 04:15pm EDT 

Gannett Co Inc : Gannett to acquire digital marketing solutions company Reachlocal Inc . Deal for total enterprise value of approximately $156 million . Gannett expects this transaction to be approximately neutral to earnings per share in its first full year . Deal for $4.60 per share in cash . Gannett expects transaction to be modestly accretive in its second full year . Under terms, subsidiary of Gannett will commence tender offer for all outstanding shares of reachlocal for $4.60 per share in cash . Gannett co inc says transaction has been unanimously approved by boards of directors of both companies . Initially, Reachlocal will expand co's digital revenue by roughly 50% with more than 16,000 customers throughout north america, latam etc .Following closing of tender offer, in a second-step merger requiring no stockholder approval, co will acquire remaining reachlocal shares.  Full Article

TheStreet appoints USA Today editor-in-chief David Callaway as CEO
Thursday, 9 Jun 2016 07:45am EDT 

Thestreet Inc : Larry kramer to return to post as non-executive chairman of board . Larry s. Kramer , interim ceo, will step down and resume his position as non-executive chairman of board . Announced appointment of usa today editor-in-chief david callaway as chief executive officer .Thestreet appoints news veteran david callaway as chief executive officer.  Full Article

Gannett says continues to believe Tribune board should engage constructively with it
Tuesday, 7 Jun 2016 07:30am EDT 

Gannett : Continues to believe that Tribune board should engage constructively with Gannett . Believes it is imperative for due diligence to occur given apparent series of changes inside Tribune that may diminish its value to co .Issues statement regarding its $15.00 per share all-Cash premium offer to acquire Tribune Publishing Company.  Full Article

Gannett said leaning toward dropping its bid for Tribune - Bloomberg reporter Alex Sherman tweets
Thursday, 2 Jun 2016 11:53am EDT 

Gannett said leaning toward dropping its bid for Tribune : Bloomberg reporter Alex Sherman tweets.  Full Article